Blockstream CEO: Bitcoin targets 500K to 1 million USD

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According to a report on May 15, Adam Back, CEO of the blockchain company Blockstream, believes that with the continuous flow of funds from institutions and an improved policy environment, the current price of Bitcoin at 103,000 USD is undervalued. Back believes that during this cycle, Bitcoin could rise from 500,000 USD to 1 million USD. He emphasized that the Bitcoin ETF in the U.S. has attracted over 41 billion USD in net capital, along with the Trump administration's cryptocurrency-friendly policies, the market fundamentals today are much better than in previous years. This content is intended for market information only and does not constitute investment advice.

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